Staking

Bridge

Migration

Frequently asked questions

Staking

Bridge

Migration

General

What is the new token called?

The new token is called SYNT. This name change reflects our rebrand to Synternet and aims to enhance token recognition and alignment with our updated identity and vision.

Why migrate to another ERC20 token?

For security reasons, it is industry standard to separate migration and bridging processes. The migration to the ERC20 SYNT token is essential before bridging SYNT to Cosmos, as it ensures alignment and addresses the supply differences between the hard-capped NOIA and the inflationary Cosmos-based SYNT token. By first migrating from NOIA to ERC20 SYNT, we maintain a 1:1 ratio and establish a secure basis for the bridging event scheduled to begin on July 31st. On that day, staking will go live with rewards paid on every block on Cosmos. Until then, NOIA staking rewards will continue.

On which blockchain is ERC20 SYNT deployed?

The new token is deployed on the Ethereum Network. Please note that the ERC20 SYNT token acts as a stepping stone into the Cosmos ecosystem.

What is the new ERC20 token contract address?

Contract information is available here.

Is the new SYNT ERC20 token contract audited?

All migration and bridging smart contracts have been successfully audited by Certik. Over the past few months, we have collaborated closely with Certik to identify potential issues. We have successfully addressed all findings, and the formal report will be released in the coming weeks and will be available here.

Where can I buy & sell the new ERC20 token?

You can use the following exchanges to trade ERC20 SYNT: Gate.io, Huobi, and Uniswap. Kucoin will start supporting SYNT soon after. Please pay attention to exchange announcements and instructions.

Where can I find the old NOIA staking portal?

The NOIA staking portal is available here.

Why did the team not announce the new ERC20 token in advance?

To protect NOIA holders from potential scams and fraud attempts, we chose not to disclose this information prematurely.

Timeline

How much time do I have to migrate?

The token migration will be live for a total of one year, until June 30th, 2025.

What happens after the migration period?

After June 30th, 2025, migration will no longer be possible.

Will I have only one year to bridge to Cosmos too?

The June 30th, 2025 deadline only applies to the migration, the bridge will stay open indefinitely.

Migration Process

Will the migration happen automatically?

Users will have to manually migrate their NOIA tokens if they are held in self-custody. On the following exchanges, NOIA will be exchanged automatically: Gate.io, Huobi, Kucoin. Please pay attention to exchange announcements and instructions.

How do I migrate to the new ERC20 token?

Visit URL:
  1. Connect your wallet of choice.
  2. Follow on-screen wallet instructions.
  3. Input the amount of NOIA you would like to migrate.
  4. Click ‘Convert’ and follow your wallet’s instructions.
Have questions? Reach out to our team on Telegram or Discord. Verify official team members in Telegram by their CM, Community Lead, or Marketing titles next to their name or on Discord by their red name and the Synternet logo next to it. Be aware of impersonators and fraud attempts.

Can I connect my Ledger or other hardware wallet?

You are able to connect any wallet that supports integrating with Metamask. Find instructions for Ledger here.

Is there a minimum or maximum amount NOIA needed to migrate?

There is no minimum or maximum amount for token migration.

Are there costs associated with migrating my NOIA tokens to the new ERC20 token?

While there are no direct costs for the migration itself, Ethereum gas fees apply.

What Happens to NOIA

What happens to my tokens in CEXs?

Users will have to manually migrate their NOIA tokens if they are held in self-custody. On the following exchanges, NOIA will be exchanged automatically: Gate.io, Huobi, Kucoin. Please pay attention to exchange announcements and instructions.

What happens to my tokens in the Uniswap LP pool?

Please withdraw your NOIA tokens from any liquidity pools and migrate them. New liquidity pools for the SYNT token will be available on Uniswap.

What happens to my tokens that are staked?

Your NOIA tokens will continue to accumulate rewards until July 31st. Afterwards, they will need to be unstaked and then migrated to the new SYNT token.

What happens to my NOIA staking rewards?

Your NOIA staking rewards will continue to accumulate until July 31st, with the unbonding period being 7 days. On July 31st, the unbonding period will be reduced to zero. Due to the 7-day unbonding period, removing your stake between July 22nd and July 31st might result in your tokens being locked up when the bridge to Cosmos opens on July 31st. Our recommendation is to either unstake before July 22nd or on July 31st when the unbonding period is at zero.

What happens to my NOIA on Ledger?

You will have to manually migrate your NOIA to ERC20 SYNT. If your Ledger is connected to Metamask, you will immediately see your SYNT. If not, you will need to add SYNT via Zerion (on your Ledger: Discover > Zerion). For more information, please reach out to Ledger’s support team.

Will the staking rewards be paid out in SYNT?

Staking rewards will be paid out in NOIA until July 31st after which the staking program will relaunch on the new Synternet Blockchain. More information about the staking program will be provided at a later date.

SYNT Tokenomics

Will this affect the token price? What is the new price of the token?

The SYNT token is migrated at a 1:1 ratio.

Does the maximum supply change?

In the ERC20 SYNT smart contract, there is a maximum supply of 2,500,000,000 tokens (compared to NOIA’s 1,000,000,000). This cap is implemented as a security measure because, with Cosmos-native inflationary tokenomics, there must still be a theoretical maximum supply. With the upcoming bridge to Cosmos, there’s a highly unlikely scenario where all Cosmos token holders simultaneously decide to transfer their SYNT back to Ethereum. Adding already accumulated Cosmos staking rewards to that equation means that more than 1 billion tokens could be bridged to Ethereum. To accommodate this theoretical scenario, our developers and auditors decided to set a maximum supply of 2.5 billion ERC20 SYNT tokens. This cap provides a safe ceiling for all potential scenarios, ensuring security while allowing for potential growth. It’s a sensible limit that we do not expect to reach within our lifetimes.

Does the token utility of the ERC20 token change?

The token utility of the ERC20 token remains unchanged until bridged to the Cosmos-based Synternet Blockchain.